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credit event
noun
A significant default on a financial instrument or some other financial occurrence, such as bankruptcy, restructuring, repudiation, or moratorium, or failure to pay some other obligation, such as taxes.
Exact(60)
But it wouldn't constitute a major credit event.
Has it also triggered a bankruptcy credit event?
If America is 30 seconds late, a credit event is declared, says Mr Klein.
"A default or credit event is definitely out of the question" now, Mr. Noyer said.
We think the risk of a credit event has materially receded.
In the debt market, this is known as a "credit event".
"When it in fact was a credit event," the bank was caught off guard.
The panel, the "determinations committee" for Europe, decides what constitutes a "credit event" in Greece or elsewhere on the Continent.
On Thursday, the organization said a committee had "unanimously determined" in both cases that a credit event did not occur.
In effect, she was willing to risk a credit event, and to place the blame for any fallout on them.
The resulting "credit event" would activate insurance that investors have bought on Greek debt, known as credit-default swaps.
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